GBP/USD bounces off 1.2200

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Source: Dukascopy Bank SA


The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050.

An extension of the ongoing decline might look for support in the combination of the 1.2000 mark, the 200-hour simple moving averages and the weekly simple pivot point at 1.1980. Further below, take into account 1.1950 and 1.1900 levels. There is no other support below 1.2000.

On the other hand, a recovery of the Pound against the US Dollar could encounter resistance in the 1.2150 mark, the weekly R1 simple pivot point and the 50-hour simple moving average. Higher above, the 1.2200 mark would once again act as resistance.
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Wed, 15 Mar 2023 13:51:14 GMT

USD/JPY bounces off 135.00

The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. A move below 132.50 could look for support in the 132.00 mark and the weekly S2

Wed, 15 Mar 2023 13:23:57 GMT

EUR/USD plummets due to fundamentals

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